These Are The Top Industries That Will Be Transformed By Drones

There are still major safety, technological, and legislative hurdles to the deployment of drones for commercial purposes. Even so, it's a near certainty that drones will soon begin taking on a much larger role for businesses and consumers in their daily lives.

BI Intelligence predicts that 12% of an estimated $98 billion in cumulative global spending on aerial drones over the next decade will be for commercial purposes.

In a recent report from BI Intelligence, we size the commercial and military drone market to estimate how big the drone industry could become, and which industries are most likely to see drones become part of their business model in the next few years.

Here are the major industries that could be transformed by drones first:

Security and monitoring: Drones could complement or replace static security cameras. Security drones might also replace or supplement foot and vehicle patrols at large commercial facilities like factories, office parks, and power plants.

Exploration, aid efforts, and disaster recovery: Drones and other robots could conduct searches to find lost vehicles or enter situations that are too difficult for humans.

Delivery and Errands: Amazon may not be the only company to eventually use drones for carrying everyday items. Drones could be deployed to deliver items such as prescription drugs from pharmacies, meals from restaurants, and food from supermarkets.

Logistics: On the other end of the spectrum, military contractors are already delivering more than 6,000 pounds of front-line supplies via aerial drone to remote locations in Afghanistan. This suggests that delivery via UAV isn't limited by weight. Theoretically, large drones could travel between Amazon's warehouses for use in inventory management, rather than just final customer fulfillment.

Journalism, filmmaking, and photography: At the Drone Journalism Lab at the University of Nebraska-Lincoln, students and professors already “explore how drones could be used for reporting.”

Farming: The Environmental Protection Agency is apparently already using drone technology to monitor livestock farms, and some farmers will likely eventually begin using drones to manage agricultural crops.

In full, the report:

Outlines the state of drones in terms of FAA regulations and explains when the regulatory agency expects to begin allowing commercial drones to fly.

Sizes the market for drones and how much spending will go towards drones over the next 10 years.

Discusses which industries are most likely to embrace drones and how drones could change the way these businesses function.

Identifies the key manufacturers that will be working to upgrade their parts and technology to make them suitable for drones.

Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >>Learn More Now

BI Intelligence

PS. Did you know...

Our BI Intelligence INSIDER Newsletters are currently read by thousands of business professionals first thing every morning. Fortune 1000 companies, startups, digital agencies, investment firms, and media conglomerates rely on these newsletters to keep atop the key trends shaping their digital landscape — whether it is mobile, digital media, e-commerce, payments, or the Internet of Things.

Our subscribers consider the INSIDER Newsletters a "daily must-read industry snapshot" and "the edge needed to succeed personally and professionally" — just to pick a few highlights from our recent customer survey.